“Oil God” Andy Hall Shuts Down Main Hedge Fund

Back in December 2014, the start of the worst oil rout since
the financial crisis claimed its first victim when 113 year old
Phibro, then owned by Occidental Petroleum after its sale by
Citigroup, liquidated in the U.S. after it failed to buy a buyer.
Phibro, of course, was made famous or perhaps infamous (after his
$100 million Citi bonus in 2008 prompted a Congressional inquiry)
by its star employee, “oil god” Andy Hall. Yet while said god’s
employer Phibro, was liquidating and thus ending one of Hall’s
paychecks, Hall would continue managing…

Back in December 2014, the start of the worst oil rout since
the financial crisis claimed its first victim when 113 year old
Phibro, then owned by Occidental Petroleum after its sale by
Citigroup, liquidated in the U.S. after it failed to buy a buyer.
Phibro, of course, was made famous or perhaps infamous (after his
$100 million Citi bonus in 2008 prompted a Congressional inquiry)
by its star employee, “oil god” Andy Hall. Yet while said god’s
employer Phibro, was liquidating and thus ending one of Hall’s
paychecks, Hall would continue managing…